This property looks like a bad Airbnb investment with a projected -11.11% first-year return on $105k initial cash invested.
-11.11%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$2,685
Rent
-$971
Cashflow
Cash Flow
$2,685 income − $3,656 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,720
Closing costs
1%
$4,136
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,685
Total Expenses
$3,656
Mortgage P&I
79%
$2,114
Property Taxes
4%
$105
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671